|Baby boomers will be poorer than their renting children when housing deflates! |
By EconPete 5 comments, latest 7 months ago:
upisdown says Who cares about that stuff, the people that are skilled, educated, and very productive aren't capturing enough of the productivity that they help create to move things along. Why are you concentrating on...
|Peter Schiff on the future of the U.S. economy and housing. |
By EconPete 16 comments, latest 8 months ago:
BoomAndBustCycle says robertoaribas says Peter schiff began predicting the real estate crash in the late 90s... 8 years early = completely wrong... he predicted huge stock market crash continuing at the exact bottom 3 years...
|Median House Price vs. Nominal Interest Rates (1980-2011) |
By EconPete 37 comments, latest 9 months ago:
tatupu70 says ELC says If wages stayed the same and the prices went up how could people afford the payment at 18%. Of course. But interest rates don't change in a vacuum. There is a...
|Inflation is a symptom and representation of industry socialization |
By EconPete 8 comments, latest 10 months ago:
Randy H says I don't argue the rationality of non-voting. I think non-voting is the ultimate form of non-violent protest, in fact. But, like acts of civil disobedience, the protester has to accept the consequences...
|Public Ponzi debt will explode in the near future! |
By EconPete 36 comments, latest 10 months ago:
freak80 says Houseless but not homeless says why can't people just walk away from one another without resulting to such tactics. (I'm paraphrasing.) His answer was, "If they did that we'd all be out of...
|We have an incentive to steal resources from future generations! |
By EconPete 20 comments, latest 10 months ago:
freak80 says divingengineer says Your best bet for free or low cost energy might be to go with a solar/windmill setup, but you will have to maintain that too. You could charge your electric car...
|Eliminating health insurance will fix all healthcare problems! |
By EconPete 24 comments, latest 10 months ago:
zzyzzx says Rin says if doctors weren't guaranteed near full employment at six figures, what percent of them would choose medical school Very few.
|Stocks will peak when the combined developed nations’ population peaks. |
By EconPete 10 comments, latest 10 months ago:
clambo says Not quite. ALL nations population must have peaked. The developed nations are where the most successful companies are domiciled but these make a huge portion of their profits from the developing world. Think...
|Public workers are communists, by definition! |
By EconPete 6 comments, latest 11 months ago:
bob2356 says Ruki says In New Zealand, things got so bad you couldn't buy a cube of margarine w/o a doctor's prescription. New Zealand in the late 80s early 90s went on a huge deregulation...
|Public teacher’s high pay is not justified! |
By EconPete 142 comments, latest 11 months ago:
freak80 says HRHMedia says Even so Mittens has proven himself unworthy of the position of POTUS. SCOTUS, POTUS, COTUS, HOCUS, POCUS... When did we start using these acronyms?
|Unions are not the problem in the economy, public unions are!!!! |
By EconPete 64 comments, latest 11 months ago:
freak80 says econak7 says At the end of the day, THE NUMBERS DO NOT ADD UP under most long-term investment scenarios. Of course, if you assume the very best returns of the 90s and early...
|Voting is for irrational people! |
By EconPete 18 comments, latest 11 months ago:
Dan8267 says Voting doesn't scale. A continuous feedback system where your individual choices affect you more than they affect others is needed. This gives people the power to shape their environment by simply doing what...
|High healthcare costs are a factor in the prolongation of the housing slump. |
By EconPete 1 comment, latest 1 year ago:
APOCALYPSEFUCK is Shostakovich says Anyone who wants to can buy a hospital. That's what Freedom is all about. If they're too lazy, that's their problem.
|Stock fluctuations make even neutral % market adjustments a losing proposition! |
By EconPete 4 comments, latest 1 year ago:
YesYNot says EconPete, Sometimes I think that you are reading an intro economics book, turning to a random page and writing about something you see there. The main point is fair enough, but then you...
|Patrick, what happened to the “Debt is Slavery” logo? |
By EconPete 5 comments, latest 1 year ago:
EconPete says Slavery too often has a racial connotation. Only the last 300 of the past 10,000 years has race inseparably been associated with slavery. That is only 3% of the time. Historically, due to...
|The wealth distribution resembles the intelligence distribution. |
By EconPete 22 comments, latest 1 year ago:
freak80 says futuresmc says This is exactly the divide and conquer thinking that keeps bankster-bootlicker's in power. Your first arguement is correct, namely that the game has been rigged so you can't save. Wages stagnate,...
|Why do realtors try to claim 6% ownership to all property in the U.S.? |
By EconPete 142 comments, latest 1 year ago:
jsmarket says As a counterpoint to all this animosity towards real estate agents.... After 9+ years, we're buying again. While I think there is a good slide in prices to come, we simply waited thru...
|Anti-Capitalism “thinkers” enjoying Doritos while on an Apple computer. |
By EconPete 23 comments, latest 1 year ago:
wthrfrk80 says kentm says The contradictions are endemic though, you're also in support of 'free market individualism' and 'people power' while at the same time supporting every action that makes corporations stronger and reduces individuals...
|Housing will slump at least until 2025, Japan is evidence! |
By EconPete 23 comments, latest 1 year ago:
Goran_K says bmwman91 says Indeed. God help us though, when people in other countries see our awful "reality" TV shows. Jersy Shore, Kardashian Whatchamacallit, Swmap People, Pawn Stars... I remember when we used to build...
|Banks are stupid for issuing fixed-rate mortgages when rates will increase. |
By EconPete 13 comments, latest 1 year ago:
tdeloco says EconPete says Or, we could always turn “Japanese” and hold rates down for 15 more years! We are not Japan. Japan always had a trade surplus for 3 decades (1981-2010), ending up with...